Hammack Prefers Tighter Policy, Disagrees with Fed Rate Cut
Update: 2025-12-12
Description
Cleveland Federal Reserve President Beth Hammack advocates for a more restrictive monetary policy, opposing the recent interest rate cut. She believes inflation remains too high and would have likely voted against the rate reduction. Hammack, set to become a voting member next year, emphasizes the challenge of setting policy amid persistent price pressures and expresses confidence in the next Fed chairs commitment to controlling inflation.
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